273 Kelly Street, Luzerne, PA 18709

$475,000
Property Type: Residential Income Bedrooms: 12 Baths: 6 Lot Size (sq. ft.): 26,572 Status: Active
Current Price: $475,000 List Date: 5/20/2026 Last Modified: 9/15/2026

Overview

Description

** TWO MULTI FAMILYS ON ONE DEED! TOTAL OF 6 UNITS!** This unique investment opportunity includes two parcels on a double lot -- 273 Kelly Street and Miller Street -- offering exceptional redevelopment potential in a growing area. Formerly a retail/mixed-use property, the building has already been re-zoned for multi-family use, creating endless possibilities for investors, developers, or owner-operators looking to maximize value. The property currently consists of 2 existing units with the potential to add additional residential units, subject to zoning approval, building code compliance, and required parking regulations. One existing retail space is already laid out similarly to a residential apartment and can easily be converted into 2 separate units with minimal work, including framing a dividing wall and adding a small kitchen. An additional retail space on the right-hand side also offers the potential for another residential unit and is ready for a full renovation. A major ...

Listing Details MLS# SC-262336

General Property Information

Number Of Units Total
6
Bedrooms Total
12
Bathrooms Total
6
Bathrooms Full
6
Bathrooms Half
Yes
Above Grade Finished Area
5593
Living Area
5593
Enhanced Accessible
No
Year Built
1950
Year Built Source
Public Records
New Construction YN
No
Lot Size Acres
0.61
Lot Size Dimensions
76X73
Waterfront YN
No
Basement YN
Yes
Stories
2
Auction YN
No
List Price/SqFt
84.93

Property Features

Basement: Concrete

Contract Information

Listing Contract Date
2026-05-20
Property Sub Type
Multi Family
Listing Agreement
Exclusive Right To Sell
Owner Name
Kcb 18 LLC

Location Tax and Legal

Street Number
273
Street Name
Kelly
Street Suffix
Street
State
PA
Postal Code
18709
County
Luzerne

Remarks and Miscellaneous

Public Remarks
** TWO MULTI FAMILYS ON ONE DEED! TOTAL OF 6 UNITS!** This unique investment opportunity includes two parcels on a double lot -- 273 Kelly Street and Miller Street -- offering exceptional redevelopment potential in a growing area. Formerly a retail/mixed-use property, the building has already been re-zoned for multi-family use, creating endless possibilities for investors, developers, or owner-operators looking to maximize value. The property currently consists of 2 existing units with the potential to add additional residential units, subject to zoning approval, building code compliance, and required parking regulations. One existing retail space is already laid out similarly to a residential apartment and can easily be converted into 2 separate units with minimal work, including framing a dividing wall and adding a small kitchen. An additional retail space on the right-hand side also offers the potential for another residential unit and is ready for a full renovation. A major bonus is the approved concept plan for a future parking lot located on the vacant lot behind 701 Miller Street, which is included in the same parcel ownership. This provides the opportunity to create the required parking needed to support additional residential development. Whether you're looking to expand your rental portfolio, create a multi-family redevelopment project, or capitalize on a value-add opportunity, this property offers flexibility, strong upside potential, and room for growth. Property tax: $3576 a year Sewer Usage: $343 a year ($49 per unit) Sewer Bill: $1820 a year ($65 per unit quarterly) Insurance: $2,588

Status Change Information

Major Change Timestamp
2026-09-15T17:32:02Z
Major Change Type
Price Reduced
Price Change Timestamp
2026-09-15T17:32:02Z
Status Change Timestamp
2026-05-20

More Information

Unit 1

Unit #
273 Kelly A
Actual Rent
1100
SqFt Total
1000
Dining Room YN
No
Kitchen YN
Yes
Living Room YN
Yes

Unit 2

Unit #
273 Kelly B
Actual Rent
925
SqFt Total
1000
Dining Room YN
No
Kitchen YN
Yes

Unit 3

Unit #
1 Miller
Actual Rent
1175
SqFt Total
1000
Dining Room YN
Yes
Kitchen YN
Yes

Unit 4

Unit #
2 MIller
Actual Rent
925
SqFt Total
1000
Dining Room YN
Yes
Kitchen YN
Yes

Unit 5

Unit #
273 Kelly 3
SqFt Total
1000
Dining Room YN
No
Kitchen YN
No

Unit 6

Unit #
273 Kelly 4
SqFt Total
1000
Dining Room YN
No
Kitchen YN
No
Listing Office: Revolve Real Estate
Last Updated: September - 15 - 2026
Information deemed reliable but not guaranteed.